Mathematics, 04.02.2021 14:00 alma79

1 Jesy invests £8000 for n years in a savings account. To find the value, V, of her investment after n years she uses the formula:

V = 8000 × (1.025)n
(a) Write down the annual rate of interest Jesy earns.
(b) Find the total amount of interest Jesy earns in three years.
(Total for question 1 is 3 marks)

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1 Jesy invests £8000 for n years in a savings account. To find the value, V, of her investment afte...